Larkspur Properties Ltd$.$ is a publicly listed company following IFRS. Assume that on December $31,2023,$ the carrying amount of land

on the statement of financial position $($SFP$)$ is $$500,000.$ Management determines that the land's value in use is $$430,000$ and that the

fair value less costs to sell is $$395,000.$

Due to an economic rebound in the area, by the end of the following year the land has a value in use of $$555,000$ and fair value

less costs of disposal of $$470,000.$ Prepare the journal entry required, if any, to record the increase in its recoverable amount.

$($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$